The Theta Network is a protocol that enables users to watch digital content, like esports, using the blockchain. The protocol’s native token THETA rose by 180% from $0.867 to $1.92 within two weeks between Dec. 20 and Jan. 2 to outperform even Bitcoin (BTC), which continues to soar to new price discovery highs.
Typically, the native tokens of blockchain protocols tend to surge in value following high-profile announcements.